103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB2804

 

Introduced 2/16/2023, by Rep. Dave Vella

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 5/234 new

    Amends the Illinois Income Tax Act. Creates a credit for taxpayers that install an electric vehicle charging station at a business location in the State during the taxable year and use a contractor that participates in an apprenticeship program for the installation. Effective immediately.


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A BILL FOR

 

HB2804LRB103 27388 HLH 53760 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Income Tax Act is amended by
5adding Section 234 as follows:
 
6    (35 ILCS 5/234 new)
7    Sec. 234. Electric vehicle charging stations.
8    (a) For taxable years beginning on or after January 1,
92024, each taxpayer that installs an electric vehicle charging
10station at a business location in the State during the taxable
11year and uses a contractor that participates in an
12apprenticeship program for the installation is entitled to a
13credit against the taxes imposed by subsections (a) and (b) of
14Section 201 in an amount equal to the amount spent by the
15taxpayer on the installation of the charging station.
16    (b) In no event shall a credit under this Section reduce
17the taxpayer's liability to less than zero. If the amount of
18the credit exceeds the tax liability for the year, the excess
19may be carried forward and applied to the tax liability of the
205 taxable years following the excess credit year. The tax
21credit shall be applied to the earliest year for which there is
22a tax liability. If there are credits for more than one year
23that are available to offset a liability, the earlier credit

 

 

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1shall be applied first.
2    (c) For partners of partnerships and shareholders of
3Subchapter S corporations, there shall be allowed a credit
4under this Section to be determined in accordance with the
5determination of income and distributive share of income under
6Sections 702 and 704 and Subchapter S of the Internal Revenue
7Code.
8    (d) This Section is exempt from the provisions of Section
9250.
 
10    Section 99. Effective date. This Act takes effect upon
11becoming law.